Steem (STEEM) Hits Market Cap of $76.60 Million

Steem (STEEM) traded 7.7% lower against the dollar during the 24-hour period ending at 7:00 AM E.T. on July 5th. One Steem coin can now be bought for about $0.16 or 0.00000298 BTC on major exchanges. During the last week, Steem has traded 19.2% lower against the dollar. Steem has a total market capitalization of $76.60 million and approximately $5.00 million worth of Steem was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded down 4.3% against the dollar and now trades at $55,246.89 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 10.3% against the dollar and now trades at $0.0995 or 0.00000180 BTC.
• Bitcoin Cash (BCH) traded down 10.8% against the dollar and now trades at $308.81 or 0.00558969 BTC.
• UNUS SED LEO (LEO) traded 0.4% lower against the dollar and now trades at $5.69 or 0.00010292 BTC.
• Litecoin (LTC) traded 14.4% lower against the dollar and now trades at $59.54 or 0.00107763 BTC.
• Ethereum Classic (ETC) traded 11.9% lower against the dollar and now trades at $19.14 or 0.00034648 BTC.
• Monero (XMR) traded down 8.6% against the dollar and now trades at $146.27 or 0.00264760 BTC.
• Arweave (AR) traded down 12.4% against the dollar and now trades at $21.66 or 0.00039198 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded down 11.9% against the dollar and now trades at $34.06 or 0.00061644 BTC.

Steem Coin Profile

Steem is a proof-of-work (PoW) coin that uses the PoS hashing algorithm. Its launch date was March 24th, 2016. Steem’s total supply is 465,759,881 coins. The Reddit community for Steem is https://reddit.com/r/steemit and the currency’s Github account can be viewed here. The official message board for Steem is steemit.com/@steemitblog. The official website for Steem is steem.com. Steem’s official Twitter account is @steemit and its Facebook page is accessible here.

According to CryptoCompare, “Steem (STEEM) is a blockchain-based social media platform that rewards content creators with STEEM tokens. Created by Ned Scott and Dan Larimer, it promotes decentralized content creation and curation, providing an alternative to traditional social media.”

Steem Coin Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Steem directly using U.S. dollars. Investors seeking to trade Steem should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Steem using one of the exchanges listed above.

STEEM/USD price chart by TradingView